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Guideline Value

Corporate

Guideline Value for Roja Nagar Extn (Ward-14)

₹2200/sq.ft.

The guideline value for Roja Nagar Extn (ward-14) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Roja Nagar Extn (ward-14)

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Roja Nagar Extn (Ward-14) guideline value

The current guideline value of Roja Nagar Extn (Ward-14) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Roja Nagar Extn (Ward-14) has changed

Over the years, the guideline value for Roja Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, marking a significant increase of 64% from the 2017 figure. It is important to note that the register has no figure for this street in the years 2023, 2007, 2003, and 2002.

From 2012 to 2017, there was a decrease of 33% in the guideline value. However, when comparing the overall figures from 2012 to 2024, there has been a slight increase of 10%. This fluctuation reflects the changes in the real estate landscape over the years.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Roja Nagar Extn (Ward-14) above this median with its current value of Rs 2,200 per sq.ft.

Stamp duty and registration fee for property in Roja Nagar Extn (Ward-14)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Roja Nagar Extn (Ward-14)?

The Roja Nagar Extn (Ward-14) is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the current market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legalizing the transaction. This ensures that both the buyer and seller adhere to the regulatory framework set by the government.

Frequently asked questions

What is the current guideline value of Roja Nagar Extn (Ward-14)?

The current guideline value of Roja Nagar Extn (Ward-14) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2023, 2007, 2003, and 2002.

What is the land classification for Roja Nagar Extn (Ward-14)?

The land classification for Roja Nagar Extn (Ward-14) is Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 22,00,000, with a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Roja Nagar Extn (Ward-14)?

The Madhavaram Sub Registrar Office covers Roja Nagar Extn (Ward-14) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.